my theory for gold sells
*I was initially bullish until
I noticed a few tricky things
* structure number 2 is not
a solid low, meaning they
have not proven themselves
to be stronger than number 1
sellers, because they have not
created a push above them,
so this low is misleading and
not a proper stop
* obv is in a downtrend while
price is in an uptrend, obv
in downtrend means that there
is an increased selling interest ,
so this diverging from price going
up can only mean .... there
are no buyers and price is not going up
due to a huge amount of buying power but the sellers are not pushing too hard in specific areas
* the 3 support lines are not solid support, in fact they are all wicks and 'fake lows'
* I dont have a solid stop to enter a short,
but all these things + divergence on rsi and mfi is just telling me that the obvious
buy trade might be a trap
*I was initially bullish until
I noticed a few tricky things
* structure number 2 is not
a solid low, meaning they
have not proven themselves
to be stronger than number 1
sellers, because they have not
created a push above them,
so this low is misleading and
not a proper stop
* obv is in a downtrend while
price is in an uptrend, obv
in downtrend means that there
is an increased selling interest ,
so this diverging from price going
up can only mean .... there
are no buyers and price is not going up
due to a huge amount of buying power but the sellers are not pushing too hard in specific areas
* the 3 support lines are not solid support, in fact they are all wicks and 'fake lows'
* I dont have a solid stop to enter a short,
but all these things + divergence on rsi and mfi is just telling me that the obvious
buy trade might be a trap
Đã hủy lệnh
wow I was so wrong, well , at least I did not lose anything.
for trading mentorship and community, message me on telegram : jacesabr_real
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
for trading mentorship and community, message me on telegram : jacesabr_real
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.